Even Santa Claus has to pay footwear taxes and tariffs on his shiny black boots, according to the Footwear Distributors & Retailers of America (FDRA). With the holiday season in full swing, the FDRA has ramped up its efforts to engage and activate the industry...
One in three U.S. shoppers (32 percent) surveyed over the weekend said they made a “click and collect” purchase on Black Friday and more than half of shoppers (58 percent) made additional purchases while picking up an online order in-store on Thanksgiving Day or...
Online sales on Cyber Monday reached more than $3 billion for the first time, setting a record for a single day of online sales that also topped expectations. ...
Adidas is preparing to sell Reebok-CCM as part of a broader drive to simplify its business, the New York Post reported. Unnamed sources told the tabloid that Adidas could put Reebok-CCM up for sale early next year. ...
Silverfleet Capital, the European private equity firm said Monday it has agreed to sellOffice, the British fashion footwear retail chain, for 256 million pounds, or $385 million, to Truworths International, a South African fashion retailer....
Sports Authority has hired Rothschild & Co. to help restructure its heavy debt load, according to a report by Bloomberg News. ...
Shoe Carnival Inc. reported earnings slid 13.2 percent in the third quarter as same-store sales expanded 6.0 percent....
Adobe estimated that a record $4.45 billion was spent online on Black Friday and Thanksgiving Day. Online sales are expected to have reached $2.72 billion on Black Friday, 14 percent more than in 2014 and $1.73 billion on Thanksgiving Day, a 25 percent increase year-over-year...
Americans spent more on goods but less on clothing and footwear than initially thought in the third quarter, according to the government's second estimate of the country's gross domestic product for the period. ...
Caleres, the parent of Famous Footwear as well as several footwear brands, reported that excluding a debt charge, net earnings were $35.2 million, or 80 cents per share, in its third quarter, up 6.2 percent versus third quarter 2014....